Last checked at 19 Sep 2013 14:56
September 19, 2013
London Stock Exchange,
London
Re: Change in Directorate
The Board of Tata Steel in its meeting today has inducted Mr T V Narendran Vice President (Safety & Flat Product) of the Company as the Additional Director on the Board and designated him as the Managing Director - Designate, India and South East Asia. On reaching superannuation on October 31, 2013, Mr H M Nerurkar Managing Director Tata Steel India and South East Asia will step down from the Board of Tata Steel and with effect from November 1, 2013, Mr T V Narendran will succeed him as the Managing Director India and South East Asia.
The Board has also appointed Mr Koushik Chatterjee Executive Director and Group CFO as the Group Executive Director (Finance and Corporate). Apart from continuing responsibility of the Finance function, Mr Chatterjee would be responsible for the Tata Steel Group Corporate functions including Legal and Regulatory Affairs, Communications, Strategic Procurement, Information Systems, Group Investments, Global Mining Projects and Assurance.
The Board has put in place appropriate governance process to ensure a smooth transition of leadership. With effect from November 1, 2013 Dr Karl Koehler MD & CEO Tata Steel Europe, Mr T V Narendran Managing Director Tata Steel India and South East Asia and Mr Koushik Chatterjee Group Executive Director (Finance and Corporate) will report to the Chairman and the Board of Tata Steel.
A copy of the Press Release being issued today is attached.
This is for your information.
http://www.rns-pdf.londonstockexchange.com/rns/4540O_-2013-9-19.pdf